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20121205
20121213
Search Results 0 to 7 of about 8 (some duplicates have been removed)
in the fiscal cliff negotiations with now just 21 days to reach a deal. that's three weeks. today president obama returns to campaign mode, taking his fiscal cliff message to detroit. yesterday the president and speaker boehner met privately at the white house. their first face-to-face meeting since they agreed last week to clear everyone else out of the negotiating room. neither side revealed anything about the meeting that was part of the agreement. only saying that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking committee, said his party should consider the president's position on raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate's in the democrats' hands. a lot of people are putting forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that he's ta
, with some news, the latest on the rapidly approaching fiscal cliff deadline and what appears to be a stalemate in the negotiationses. in his first interview since the election president obama reiterated his demand that any deal must raise taxes on the highest earners. but yesterday the president also appeared to showroom for flexibility on lowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and further reforms entitlements i'm prepared to make that we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. what i suggest is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and deductions both democr
say, mano a mano. whatever. the effort to reach a deal on the fiscal cliff is now a two-man operation. interesting. president obama and speaker boehner. nobody else. with 24 days before a year-end deadline, "the new york times" says boehner made the request to clear the negotiation room going forward, leaving it up to himself and the president to reach a deal to avoid automatic tax hikes and deep spending cuts. and while the two men may be negotiating privately, yesterday the president took his message to the public, visiting a local virginia family as a part of his my2k social media campaign, sitting around the kitchen table. he told the family he was optimistic. >> the message that i think we all want to send to members of congress is, this is a solvable problem. the senate has already passed a bill that would make sure the middle-class taxes don't go up next year by a single dime. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for fam
than not. >> all right. well, with 25 days to go until the year-end fiscal cliff deadline, president obama and speaker boehner spoke on the phone yesterday for the first time in days. both men agreed not to publicly characterize how the conversation went. but the stalemate in negotiations entered new territory yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the 2%. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during de
out of the way. it seems like quietly we're making progress on the fiscal cliff, people are saying garbage out in public. john boehner sitting down with the president, seems these two men are getting the job done. >> i think it is real. the president, no public events yesterday. even yesterday's event was never designed to be a fiscal cliff photo-op. there are very few fiscal cliff photo-ops planned this week. it is serious business. they have to come to a framework at the end of this week if they're going to get it written in time and passed in time so they all don't have to spend christmas in washington. joe, realize, whatever deal they agree to, it will be very fragile and it's likely to include more triggers for the end of next year. so they'll agree to some tax reform. if they can't write it, then say the highest tax rate will move from 37 to 39. on entitlements, they'll agree they have to find a certain amount of money and special commission but if they don't agree to it maybe the eligibility age goes automatically up. they'll be sort of sequester triggers to force the action
replacements for fiscal cliff. please only read the clean ones. >> jason writes, money boo boo. calvin, pricey precipice. i like this one. allen, monetary manhole. >> monetary manhole. we're getting stripper names and other categories we don't want to get into. great show, everyone. "morning joe" starts right now. > ♪ and i'm free ♪ free falling >>> you know, it's a special time of the year. we've been looking forward to it for months now. and everywhere you go, you can see the twinkle in little children's eyes because they know that in just a few short weeks, ♪ the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >> i'm up. what happened? is it over? [ bleep ] >>> good morning. it's wednesday, december 12th. look at that shot of new york city. >> wow. >> it's dark at 6:00 on the east coast. welcome to "morning joe." with us
Search Results 0 to 7 of about 8 (some duplicates have been removed)